Bitcoin Mining

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Our Love and Hate Relationship with Bitcoin Miners

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It’s coming close to a decade since the creation of the bitcoin network and the cryptocurrency ecosystem. The protocol has produced a great deal of users, infrastructure, businesses and influential parties like developers and miners. Since the beginning of bitcoin’s mining history, individuals mined lots of coins with central processing units (aka home computers). Later, … Read more

DMG Blockchain: Bitcoin Miners Need a BTC Price of $2,400 to Break Even

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Any discussion related to Bitcoin mining is always worth keeping an eye on. Although there are quite a few conflicting opinions on this topic, it has become evident that there are a lot of different factors to take into account at all times. New information from DMG Blockchain shows that mining Bitcoin is a lot more profitable … Read more

New York Is The First In U.S. To Ban Crypto-Mining After Operations Deplete 10 Percent Of Town’s Electricity

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In a town where electricity comes cheap, and electricity flows quickly, cryptocurrency miners have flocked to its source off the St. Lawrence River, taking full advantage of its currents, depleting the town of almost 10% of its electricity. Did you know mining for cryptocurrency requires a butt-load of electricity? In a small town like Plattsburgh, … Read more

US State Exempts Cryptocurrencies From Property Taxes

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While some governments around the world, both local and national, are taking steps to try and limit the spread of the use of cryptocurrencies, many others are trying to ensure their citizens are free to adopt the revolutionary technology. The latest example of this is the US state of Wyoming where the legislator has recently approved … Read more

National Grid Confirms Bitcoin Mining Is “No Threat” to the UK’s Electricity Infrastructure

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The topic of cryptocurrency mining has been highlighted from many different angles over the past few months. Especially when it comes to the concept of mining Bitcoin, there are some interesting challenges ahead. According to the UK’s National Grid, Bitcoin mining is not a big risk to Britain’s electricity infrastructure. UK’s Power Grid and Cryptocurrency … Read more